Canada

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Energy regulator staff probed over handling of TransCanada safety violations

Cecilia Jamasmie | March 25, 2015
Energy regulator staff probed over handling of TransCanada safety violations

The Association of Professional Engineers and Geoscientists of Alberta (APEGA) probe centres on the alleged mishandling of claims of natural gas pipeline violations at TransCanada by engineers working for the energy regulator (NEB).

Vancouver zinc miner faces fines in Yukon

Business in Vancouver | March 25, 2015
India to auction 54 coal mines

At the end of January, the company announced it was placing the mine in care and maintenance, citing a commodity price crash, and earlier this month was forced to seek creditor protection.

Oil sands improving on environment, but new technology takes time

Canadian Press | March 25, 2015
canadian-oil-sands-producers-hike-output-despite-dim-crude-price - 333

It’s a seemingly small thing, the matter of a dozen or so degrees difference in the water temperature during one part of the lengthy and complex process of squeezing oil from Alberta bitumen.

Here is what it looks like when mining trucks drive across frozen lakes

NASA Earth Observatory | March 24, 2015
Here is what it looks like when mining trucks drive across frozen lakes

In the farthest reaches of northwestern Canada, there are few people and fewer roads. When winter comes, fuel, explosives, and heavy equipment move north in an unusual way: via trucks driving on frozen lakes.

Why are young workers shunning the oil sands?

The Tyee | March 24, 2015

An annual survey of the oil and gas workforce has revealed a surprising trend.

Oil sands faces its biggest test in extended downturn

Bloomberg | March 24, 2015
Critics demand stronger action to tackle increased oil sands pollution

The collapse in the market for Canada’s heavy crude below $30 a barrel last week is hammering home a harsh reality for the nation’s oil-sands producers: There’s no one to save them this time.

Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

Cecilia Jamasmie | March 23, 2015
Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

IAMGOLD sells Diavik royalty stream to Sandstorm Gold for US$56.8 million

IAMGOLD Corp. | March 23, 2015

The deal will add US$7 million to US$8 million per year in cash flow to Sandstorm's portfolio.

Pricey Bank of Canada meeting included trip to oil sands

CBC Ottawa | March 22, 2015

A Bank of Canada junket to the oil sands at Fort McMurray, Alta., helped push the cost of a single board of directors meeting last June to over $100,000, a CBC News analysis shows.

Mount Polley disaster prompts new tailings ponds regulations

Cecilia Jamasmie | March 20, 2015
Mount Polley disaster prompts new tailings ponds regulations

The regulation forces mining companies to consider the possibility of a tailings disaster and evaluate the environmental, health, social and economic impacts of an accident.

Dominican farmers barred from Canada for being 'too critical' of mining

Leader Post | March 20, 2015

A group of farmers critical of Canadian mining interests in their native Dominican Republic has been blocked from travelling to Saskatoon, Toronto and other cities.

Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Cecilia Jamasmie | March 19, 2015
Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.

Taseko’s defamation trial resumes end of March

Williams Lake Tribune | March 18, 2015

The B.C. Supreme Court case examining the defamation suit launched by Taseko Mines Ltd. against the Wilderness Committee will resume March 31.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

Canadian miners step up efforts to prevent tailings dam failures

Cecilia Jamasmie | March 17, 2015
Canadian miners step up efforts to prevent tailings dam failures

Facing intense public pressure to ensure tailings are handled, stored and monitored better, the Mining Association of Canada (MAC) has taken the bull by the horns.

Potash producers rejoice — China likely to pay more for it this year

Cecilia Jamasmie | March 17, 2015
Potash producers rejoice — China likely to pay more for it this year

According to analysts from Credit Suisse, Chinese importers will settle at $320 a tonne, versus $305 a tonne they paid last year.

Mosaic announces $1.7 billion potash mine expansion

CTV.ca | March 16, 2015

Mosaic Co. has announced it will spend $1.7 billion to expand its K3 potash mine near Esterhazy, Saskatchewan.

Quest Rare Minerals CEO to step down

Marketwired | March 16, 2015

Peter Cashin has relinquished his responsibilities as president and CEO of the company to focus on new mineral exploration opportunities.

Kidnapped Goldcorp miners found dead in Mexico

Cecilia Jamasmie | March 16, 2015
Kidnapped Goldcorp miners found dead in Mexico

Three corpses were found on Friday in a mass grave in southwestern Mexico's Guerrero state.

Barrick to get $1.5 billion for Chilean copper mine

Cecilia Jamasmie | March 16, 2015
Barrick to get $1.5 billion for Chilean copper mine

The gold miner is said to be evaluating whether to put its Zaldivar copper mine on the block as it tries to meet an ambitious debt reduction target.

RBC predicts potash to offset oil losses in Saskatchewan

CBC Ottawa | March 12, 2015

RBC Economics is forecasting that the Saskatchewan economy will grow in 2015, even in the face of dropping oil prices.

This area is the ‘future of the mining industry… I’m not interested in anywhere else’ – André Gaumond, Virginia Mines

Sprott's Thoughts | March 12, 2015
quebec leg

André Gaumond has led the discoveries of six gold deposits in his career.

A nice bump for Lake Shore Gold after ore reserve increase

Michael Allan McCrae | March 12, 2015
lake shore gold bump ore reserve increase

The company's 52-week range is 68 cents to $1.40.

Canamax Energy CEO Brad Gabel on what’s preventing M&A in the oilpatch

oilsands shutterstock

During the lunch session at the Subscriber Summit, we invited Mr. Gabel for an interview. Energy and Gold wanted to share some of Mr. Gabel’s oilpatch expertise and outlook with readers.

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